Corporate services in Bulgaria

CORPORATE SERVICESIN BULGARIA

presentation

Wednesday, 21 September 2011

OFFERED BY

experts in accounting

providing cutting edge tax consultations

progressively expanding the scope of services offered and the branches through which they operate


AND....

Smart Management Services

providing business and legal advices to foreign companies wishing to invest in Bulgaria

wide experience in dealing with clients from Europe and all over the world

professional in understanding their clients’ business needs and corporate culture and finding the best solutions for their client profit


BULGARIA

The services described before are offered in


WHY

As a Member of the European Union, Bulgarian legislation has been fully harmonised with the union requirements and therefore - familiar and well-known.

?

But what more?......


OTHER THAN ITS STRATEGIC

L O C AT I O N D U E TO I T S

G E O G R A P H Y A N D I T S

POLITICAL STABILITYB U L G A R I A

o f f e r sWednesday, 21 September 2011

FINANCIAL BENEFITSfor setting your business up in

Bulgaria


•corporate legal tax 10 %

•VAT 20 %

•dividend tax 5 %

•social security contributions for the employer 18.5%

•social security contributions for the employee 12.9%


• for instance:

• minimum capital requirement 1 euro

• opening of a company fund raising account 20 euro

• company registration fee 55 - 200 euro

• VAT registration fee 150 euro

• translation fee 5 - 10 euro/page

CHEAP COSTS FOR START-UPS


CHEAP DAY-TO-DAYBUSINESS COSTS

• including:

• office space

• heating

• electricity

• internet

• logistics

• phone callsWednesday, 21 September 2011

• Helps your business flourish by minimising corporate and administrative taxes and optimising the profit gained in a safe environment ensuring private property protection

Setting up a company in BULGARIA


THE BENEFITS OF RUNNING A

COMPANY IN BULGARIA HAS

BEEN RECOGNISED EVEN BY

T H E N E I G H B O U R I N G

COUNTRIES ......


• according to the submitted Annual tax declarations for 2010,

the Greek owned companies in Bulgaria are 2 072 - three-

fold increase compared with 2006

• only in the first half of 2011, 800 new Greek owned

companies has been registered and their number is constantly

raising

• from 33 romanian owned companies in 2006, their number

has risen to 272 for 2010


THE ECONOMIC INCENTIVE IS RECOGNISED IN FIGURES

0

8

15

23

30

Bulgaria Romania Greece

corporate tax

0

6

12

17

23

Bulgaria Romania Greece

VAT


. . . .AND EVERY BIG COMPANY IS RUNNING A SUBSIDIARY IN THE COUNTRY


SCOPE OF SERVICES OFFERED TO INVESTORS IN BULGARIA

Joined partnership between LEINONEN and SMART MANAGEMENT SERVICES forms the following


BUSINESS ADVISORY

COMPANY INCORPORATION

FINANCE AND BANKING

ACCOUNTING

LEGAL AND TAX SERVICESWednesday, 21 September 2011

BUSINESS ADVISORY


•creating a business plan

•developing clear marketing objectives

•HR advice

•development of a company strategic plan

•adoption of action methods to comply with the strategic plan


COMPANY INCORPORATION


• a d v i c e o n t h e b e s t corporate model that fits and meets the cl ient ’s business needs

• p r e p a r a t i o n o f a l l i n c o r p o r a t i n g l e g a l documents

• undertaking of all legal and factual act ions for the company incorporation

• administering all services a start-up requires, including but not limited to:

• domain name registration

• internet site creation

• trademark registration

• providing an office space a n d c o r p o r a t e administrative services


FINANCE AND BANKING


•advice on debt financing

•applying for corporate bank loans

• review of bank statements

•opening of bank accounts


ACCOUNTING


• financial due dilligence

• monthly / quarterly / annual financial reporting

• payro l l account ing and transactions

• preparation of financial statements

• maintenance of fixed assets registries

• maintenance of purchase and sales registries

• audit and review of financial statements

• invoicing


LEGAL AND TAX SERVICES


• TAX SERVICES

• registration in the Tax-Office

• preparation and filing in of tax declaration

• tax calculations

• VAT refunds

• LEGAL SERVICES

• drafting of corporate contracts and documentation

• day-to-day legal advice on corporate governance

• advising on employment issues

• filing of court claims

• legal representation in front of the Commission for protection of competition


BENEFITS FOR LEINONEN PARTNERING

SMART MANAGEMENT SERVICES

• offering of full range of corporate services - from accounting to business planning, legal and administrative services

• combining the two entities wide-ranged experience of dealing with foreign clients and bringing it to a new level of corporate services offered

• proposing Bulgaria as a good option for clients’ cost optimisation and attracting more clients


CORPORATE SERVICES IN BULGARIApresented by

Smart Management Services


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Corporate services in Bulgaria

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